| Mexico's January-September Foreign Direct Investment Tops $28 Billion Anthony Harrup - WSJ.com | |
| go to original November 24, 2013 |
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MEXICO CITY - Foreign direct investment in Mexico more than doubled in the first nine months of the year, boosted by brewer Anheuser-Busch Inbev N.V.'s buyout of Mexican beer maker Grupo Modelo SAB, the Economy Ministry said last week.
Foreign direct investment in the January-September period totaled $28.2 billion, compared with $13 billion for the first nine months of 2012.
Excluding the Modelo sale, FDI was up 15% at $15 billion, the ministry added. Third-quarter FDI amounted to $3.4 billion.
Direct investment has picked up this year after a disappointing result in 2012, when foreign companies invested $15.5 billion in Mexico and Mexicans invested $23.4 billion abroad.
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